A party where people (usually family, friends, or a combo of the two) get together and have a game where you unwrap, steal, and trade off presents never actually useful in real life. I mean, my family W.E. party got me a laser tape measure!

"What's up! How did the White Elephant party go?"
"I got a laser thingy!"
"Ooh! That sucks."
"Are you kidding?! That thing is awesome! You push the button and a little red dot comes out!"
"..."

A sexual act in which a male lines cocaine on the staff of his erect penis for his female counterpart to consume. The female then proceeds to perform oral sex and upon ejaculation, the male pulls each of the female's ears away from her head and thrusts into the back of the throat, causing her to look like dumbo and make the sound of an elephant.